Updated Oct 28, 2024
Brentwood Investment Group Acquires 298-Unit Multifamily In Atlanta For $42M
1991 Delowe Drive, Atlanta, Georgia 30311, United States
$42,000,000
Units
298
Asset Type
MultiFamily
Closing
Jun 5, 2022
About this deal
AI
The multifamily property located at 1991 Delowe Dr in Atlanta, GA has been sold for a price of $42,000,000. The property consists of 298 units with a price per unit (PPU) of $140,940.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $42,000,000
- Units: 298
- Price per Unit (PPU): $140,940
The buyer of the property is Brentwood Investment Group, LLC, while the seller is Middleburg Communities represented by Michael Bediones.
The multifamily sale at 1991 Delowe Drive, Atlanta, Georgia 30311, United States in Atlanta, Georgia sold for $42M in 2022. Reported inventory is 298 units across 298 units. This page is the Atlanta, Georgia file for the 1991 Delowe Drive, Atlanta, Georgia 30311, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Atlanta sit in the Market section below. Filter that Atlanta multifamily set by closing date to see what else sold near 1991 Delowe Drive, Atlanta, Georgia 30311, United States around 2022. Published consideration for 1991 Delowe Drive, Atlanta, Georgia 30311, United States is $42M, dated 2022. Cite this Brentwood Investment Group Acquires 298-Unit Multifamily In Atlanta For $42M sale when underwriting similar multifamily product around Atlanta, Georgia.
Players
Atlanta MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Georgia multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93